Coronavirus Business Interruption Loan Scheme (CBILS)
Automate Lending Under CBILS
We’re helping banks sustain SMEs through the COVID-19 crisis. Our new CBILS app for lenders deploys in just days.
The Coronavirus Business Interruption Loan Scheme (CBILS) is designed to provide financial support to small and medium sized enterprises (SMEs) with loss of revenue and disruption of cash flow due to COVID-19. SMEs need rapid approval and access to these funds. Banks are contending with a massive influx of applications for lending facilities, all of which require rapid lending decisions. They must respond with fast, efficient processes – especially challenging in the present environment where workers are remote.
Our CBILS application allows banks to accept and manage applications for lending facilities from SMEs, support their unique servicing requirements, and ensure compliance under the CBILS rules. The application can be live in just days, and can be quickly extended with advanced automation features including RPA and AI-powered intelligent document processing.
Appian. Trusted by leading lenders.
Supporting the full CBILS lending lifecycle.
- Lending application submission online, through a call center or relationship manager, or through intake of application via email or paper.
- Loan qualification, including initial eligibility survey, information and document collection, qualification, and digital signature collection. Applications are automatically generated and information pertaining to lending facilities can be passed to the British Business Bank (BBB).
- Automated data collection and packaging for BBB submission to maintain government guarantee status, interest and fee reimbursement, and compliance reporting.
- Complete reporting and auditing for easy business visibility into loan processing, as well as ongoing compliance requirements.
Process applications faster. Lend more. Reduce compliance overhead.
Complete automation streamlines your workflows and enhances your workforce productivity with virtual helpers.
- Appian RPA bots like submitting loan information to the BBB and integrating with lending systems already in place.
- Appian’s AI-based Intelligent Document Processing automatically extracts data from application forms and other paper documents.
- Business rules define qualification thresholds or flag fraud risks. Easily change rules if regulations change or to support different jurisdictions or loan programs.
Everything you need, deployed in a matter of days.
Appian is built to meet the operational demands of global banks. And it’s always scalable, reliable, and secure.
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